Norges Bank Makes New $765,000 Investment in Guess?, Inc. (NYSE:GES)

Norges Bank acquired a new position in shares of Guess?, Inc. (NYSE:GES - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 54,426 shares of the company's stock, valued at approximately $765,000. Norges Bank owned approximately 0.11% of Guess? as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EMC Capital Management boosted its position in Guess? by 158.0% in the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after buying an additional 6,068 shares during the last quarter. Amundi lifted its position in Guess? by 109.6% during the fourth quarter. Amundi now owns 14,291 shares of the company's stock valued at $193,000 after purchasing an additional 7,472 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Guess? in the fourth quarter valued at $226,000. Versor Investments LP acquired a new position in shares of Guess? in the 4th quarter valued at about $256,000. Finally, AlphaQuest LLC grew its stake in shares of Guess? by 17.6% during the 4th quarter. AlphaQuest LLC now owns 20,498 shares of the company's stock worth $288,000 after purchasing an additional 3,070 shares during the period. Hedge funds and other institutional investors own 61.74% of the company's stock.

Guess? Price Performance

Shares of GES traded down $0.72 during mid-day trading on Tuesday, hitting $9.71. 1,521,002 shares of the company were exchanged, compared to its average volume of 1,254,196. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess?, Inc. has a 1-year low of $8.48 and a 1-year high of $27.90. The stock has a market cap of $499.44 million, a price-to-earnings ratio of 8.16 and a beta of 1.43. The company has a 50 day moving average of $11.13 and a 200-day moving average of $14.28.

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Guess? (NYSE:GES - Get Free Report) last released its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business had revenue of $932.25 million for the quarter, compared to the consensus estimate of $916.75 million. During the same quarter last year, the business posted $2.01 earnings per share. The business's quarterly revenue was up 4.6% compared to the same quarter last year. Analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 38.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Wednesday, April 16th. Guess?'s dividend payout ratio (DPR) is currently 187.50%.

Wall Street Analysts Forecast Growth

GES has been the topic of several analyst reports. UBS Group dropped their price target on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group reiterated a "market perform" rating and set a $13.00 price target on shares of Guess? in a research report on Friday, April 4th.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.